Amazon Com Stock Price, News & Analysis

The Amazon Literary Partnership announced over $1 million in grant funding to 80 nonprofit literary organizations across the U.S. This initiative aims to empower diverse and marginalized voices within the literary community. Key grants of $140,000 each were awarded to the Academy of American Poets and the Community of Literary Presses and Magazines to support various poetry organizations and literary magazines. Since 2009, the partnership has provided $14 million in funding to over 150 organizations, impacting tens of thousands of writers.

(NASDAQ:AMZN)—Amazon has announced the Prime Day Show, a three-part musical event featuring artists Billie Eilish, H.E.R., and Kid Cudi, premiering on June 17 on Prime Video. The shows, available for 30 days, blend music and storytelling in unique settings, such as Paris and outer space. Eilish will release exclusive merchandise on the same day. The announcement coincides with Prime Day on June 21-22, during which members will enjoy over 2 million deals. Subscribers can access the official Prime Day Show playlist now on Amazon Music.

Amazon (NASDAQ: AMZN) has launched the Amazon Returnship program, aimed at helping professionals, particularly women, re-enter the workforce after job loss or underemployment, especially due to COVID-19. The initiative plans to hire 1,000 professionals, offering a 16-week paid opportunity in various roles. Participants receive tailored support and coaching, with the potential for full-time positions afterward. The program reflects Amazon's commitment to upskilling the workforce, aligning with its goal to provide free cloud computing training to 29 million people globally.

Amazon was ranked the No. 1 U.S. company for investment by the Progressive Policy Institute (PPI) for the second consecutive year. In 2020, Amazon invested $34 billion in American infrastructure, resulting in over 400,000 new jobs. The investments included logistics, green initiatives, and tech expansions, bolstering economic recovery during the pandemic. Amazon's infrastructure projects aim to enhance delivery, promote sustainability, and support community health.

(NASDAQ: AMZN)—Amazon has announced its annual Prime Day event scheduled for June 21 and 22, featuring over 2 million deals across various categories. The event is available to Prime members in multiple countries and includes exclusive offers on fashion, electronics, and more. Amazon is dedicating over $100 million to support small businesses during this period. Additionally, Amazon is hiring 75,000 new employees and increasing pay for its fulfillment network. However, Prime Day plans are postponed in Canada and India due to COVID-19 concerns.

Amazon Web Services (AWS) has launched Amazon Location Service, a new service designed to provide cost-effective location functionalities for applications. Utilizing data from Esri and HERE Technologies, the service allows for features like mapping, geocoding, and tracking at a cost as low as 1/10th of typical providers. Emphasizing user privacy, the service ensures that customer location data is protected and not shared with third parties. AWS aims to simplify the integration of location services, allowing businesses to focus on application development without the overhead of complex setups.

IMDb has launched IMDb Trivia, a live monthly virtual game starting June 8, 2021, at 12 pm PDT/3 pm EDT. This interactive event allows fans to test their knowledge of movies and TV shows, with the first theme centered on the Marvel Cinematic Universe. Participants can sign up for free at www.imdbtrivia.com. Hosted by notable IMDb personalities, the game will award prizes to the top 10 players, including various Amazon streaming devices. This initiative aims to enhance audience engagement and utilize IMDb’s rich database effectively.

Amazon (NASDAQ: AMZN) has launched its first Disaster Relief Hub in Atlanta, designed to enhance response to natural disasters across the southeastern U.S., the Caribbean, and Central America. This hub will store over half a million emergency supplies, enabling rapid deployment when disasters strike. The initiative supports partnerships with six global humanitarian organizations, utilizing Amazon's logistics to provide essential relief supplies quickly. Since 2017, Amazon has donated over $29 million toward disaster relief.

Amazon Web Services (AWS) has announced the general availability of Amazon Elastic Container Service (ECS) Anywhere, allowing customers to run container-based applications on-premises using the same APIs and management tools as in AWS. This fully managed service eliminates the need for manual orchestration on local infrastructure, enhancing operational efficiency. Available in numerous regions, ECS Anywhere supports businesses aiming for seamless integration of on-premises and cloud operations without upfront fees. Prominent companies like Siemens and CyberAgent are already leveraging this service.